May 23, 2012, 03:45 PM
Seagate this morning announced plans to acquire LaCie, a Paris-based producer of consumer data storage devices, for at least USD186 million. Seagate said it has agreed to buy a 64.5 Percent stake in LaCie held by Philippe Spruch, the company’s chairman and CEO. On completion of that transaction, Seagate intends to made an all-cash tender offer for the rest of LaCie's shares.
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